Riverfront Cottage - Buying a home with as little down as possible 101

Riverfront Cottage - Buying a home with as little down as possible 101

AJ WongBusiness Member
Real Estate Broker · Oregon & California Coast · Member since 2022 · 822 posts · 696 votes

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $380,000
Cash invested: $2,950

Riverfront Cottage on acreage. Primary House Hack.

What made you interested in investing in this type of deal?

Location X 3

How did you find this deal and how did you negotiate it?

Real Estate Broker. Self Negotiated.

How did you finance this deal?

3% Down. 2.5% Seller concession. 2.5% RE Commission.

How did you add value to the deal?

Below market value.

What was the outcome?

Stoked.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Myself :)

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  • Property Manager · Erie & Millscreek PA | Maggie Valley & Haywood County NC · Member since 2024 · 264 posts · 118 votes
    1y

     
    @AJ Wong Love the strategy here, getting into a riverfront property with such a small cash outlay is impressive! 3% down plus seller concessions really shows how creative financing can make high-value properties more accessible.

    Do you see this kind of deal working often in your markets, or was this more of a one-off opportunity?

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